Brokerages Anticipate PETROLEO BRASIL/ADR (PBR) Will Post Earnings of $0.25 Per Share

Analysts expect that PETROLEO BRASIL/ADR (NYSE:PBR) will post earnings of $0.25 per share for the current quarter, according to Zacks. Two analysts have provided estimates for PETROLEO BRASIL/ADR’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.28. PETROLEO BRASIL/ADR reported earnings of $0.32 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 21.9%. The business is scheduled to issue its next earnings report on Tuesday, May 14th.

On average, analysts expect that PETROLEO BRASIL/ADR will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.61. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.09 per share, with EPS estimates ranging from $1.43 to $3.24. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last posted its earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.06). PETROLEO BRASIL/ADR had a return on equity of 11.44% and a net margin of 7.50%. The business had revenue of $24.35 billion during the quarter, compared to analyst estimates of $24.18 billion.

A number of equities research analysts recently weighed in on PBR shares. UBS Group upgraded shares of PETROLEO BRASIL/ADR from a “neutral” rating to a “buy” rating in a report on Tuesday, February 12th. ValuEngine upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Monday, March 18th. HSBC upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Credit Suisse Group restated a “hold” rating and set a $15.00 price objective on shares of PETROLEO BRASIL/ADR in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.50.

Shares of PBR traded down $0.01 on Monday, reaching $15.37. The company’s stock had a trading volume of 8,649,918 shares, compared to its average volume of 17,890,408. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.48 and a quick ratio of 1.12. PETROLEO BRASIL/ADR has a twelve month low of $9.02 and a twelve month high of $17.90. The firm has a market capitalization of $101.03 billion, a PE ratio of 10.75 and a beta of 1.61.

Institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC bought a new stake in PETROLEO BRASIL/ADR during the fourth quarter valued at approximately $252,000. Quadrant Capital Group LLC boosted its holdings in PETROLEO BRASIL/ADR by 293.7% in the fourth quarter. Quadrant Capital Group LLC now owns 18,464 shares of the oil and gas exploration company’s stock valued at $237,000 after purchasing an additional 13,774 shares in the last quarter. AQR Capital Management LLC boosted its holdings in PETROLEO BRASIL/ADR by 9.4% in the third quarter. AQR Capital Management LLC now owns 282,788 shares of the oil and gas exploration company’s stock valued at $3,413,000 after purchasing an additional 24,390 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in PETROLEO BRASIL/ADR by 124.3% in the third quarter. Mackenzie Financial Corp now owns 575,207 shares of the oil and gas exploration company’s stock valued at $6,943,000 after purchasing an additional 318,710 shares in the last quarter. Finally, Spinnaker Capital LTD acquired a new position in PETROLEO BRASIL/ADR in the fourth quarter valued at approximately $1,307,000. Hedge funds and other institutional investors own 7.07% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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